Definitions from Wiktionary (perfect competition)
▸ noun: (economics) A theoretical type of market structure, where there are many firms providing homogeneous (especially, fungible) goods or services, resulting in allocative and productive efficiency in the long run but also precluding profitability.
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▸ noun: (economics) A theoretical type of market structure, where there are many firms providing homogeneous (especially, fungible) goods or services, resulting in allocative and productive efficiency in the long run but also precluding profitability.
Similar:
monopolistic competition,
perfect market,
competitive market,
market equilibrium,
static equilibrium,
productive efficiency,
efficient market hypothesis,
equilibrium price,
perfect price discrimination,
absolute advantage,
more...
▸ Words similar to perfect competition
▸ Usage examples for perfect competition
▸ Idioms related to perfect competition
▸ Wikipedia articles (New!)
▸ Words that often appear near perfect competition
▸ Rhymes of perfect competition
▸ Invented words related to perfect competition